Peru: Tomato Juice Market 2024

Tomato Juice Market Size in Peru

The Peruvian tomato juice market declined significantly to $X in 2022, waning by -22.3% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Tomato Juice Production in Peru

In value terms, tomato juice production stood at $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.5% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 40% against the previous year. Tomato juice production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Tomato Juice Exports

Exports from Peru

In 2022, approx. X tons of tomato juice were exported from Peru; increasing by 3.4% compared with 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 265% against the previous year. As a result, the exports attained the peak of X tons; afterwards, it flattened through to 2022.

In value terms, tomato juice exports fell modestly to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 268% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for tomato juice exports from Peru, accounting for a approx. 100% share of total exports.

From 2019 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +3,067.9%.

In value terms, the Netherlands ($X) emerged as the key foreign market for tomato juice exports from Peru.

From 2019 to 2022, the average annual growth rate of value to the Netherlands totaled +5,170.3%.

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, reducing by -5.3% against the previous year. Over the period from 2019 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 8.2% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2019 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +66.1% per year.

Tomato Juice Imports

Imports into Peru

In 2022, approx. X tons of tomato juice were imported into Peru; with a decrease of -23.7% on the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 90%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, tomato juice imports fell dramatically to $X in 2022. Overall, imports, however, continue to indicate a moderate expansion. The growth pace was the most rapid in 2013 with an increase of 116% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of tomato juice to Peru, accounting for a 51% share of total imports. Moreover, tomato juice imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by France (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.6% per year) and France (-1.7% per year).

In value terms, the UK ($X) constituted the largest supplier of tomato juice to Peru, comprising 63% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.5% per year) and the United States (+28.5% per year).

Import Prices by Country

In 2022, the average tomato juice import price amounted to $X per ton, with a decrease of -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2013 when the average import price increased by 54% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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